|
Report Date : |
13.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
BACK EUROP DEUTSCHLAND GESELLSCHAFT MIT
BESCHRÄNKTER HAFTUNG & CO. KOMMANDITGESELLSCHAFT |
|
|
|
|
Registered Office : |
Daimlerstr. 10, D 50189 Elsdorf |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Year of Establishment : |
1958 |
|
|
|
|
Com. Reg. No.: |
HRA 17727 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
·
Wholesale
of food n.e.c. ·
Wholesale
of other machinery ·
Wholesale
of other equipment and accessories for
machinery and technical supplies ·
Collection
agencies |
|
|
|
|
No. of Employees : |
26 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GERMANY - ECONOMIC
OVERVIEW
The German economy - the
fifth largest economy in the world in PPP terms and Europe's largest - is a leading
exporter of machinery, vehicles, chemicals, and household equipment and
benefits from a highly skilled labor force. Like its Western European
neighbors, Germany faces significant demographic challenges to sustained
long-term growth. Low fertility rates and declining net immigration are
increasing pressure on the country's social welfare system and necessitate
structural reforms. Reforms launched by the government of Chancellor Gerhard
SCHROEDER (1998-2005), deemed necessary to address chronically high
unemployment and low average growth, has contributed to strong growth and
falling unemployment. These advances, as well as a government subsidized,
reduced working hour scheme, help explain the relatively modest increase in
unemployment during the 2008-09 recession - the deepest since World War II -
and its decrease to 5.3% in 2013. The new German government introduced a
minimum wage of $11 per hour to take effect in 2015. Stimulus and stabilization
efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela
MERKEL's second term increased Germany's total budget deficit - including
federal, state, and municipal - to 4.1% in 2010, but slower spending and higher
tax revenues reduced the deficit to 0.8% in 2011 and in 2012 Germany reached a
budget surplus of 0.1%. A constitutional amendment approved in 2009 limits the
federal government to structural deficits of no more than 0.35% of GDP per
annum as of 2016 though the target was already reached in 2012. Following the
March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in
May 2011 that eight of the country's 17 nuclear reactors would be shut down
immediately and the remaining plants would close by 2022. Germany hopes to
replace nuclear power with renewable energy. Before the shutdown of the eight
reactors, Germany relied on nuclear power for 23% of its electricity generating
capacity and 46% of its base-load electricity production.
|
Source
: CIA |
BACK EUROP DEUTSCHLAND GESELLSCHAFT MIT
BESCHRÄNKTER HAFTUNG & CO. KOMMANDITGESELLSCHAFT
Company Status: active
Daimlerstr. 10
D 50189 Elsdorf
Telephone:02274/939-0
Telefax:
02274/939-490
Homepage: www.back-europ.de
E-mail: info@back-europ.de
DE121964106
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1958
Begin of business
activities: 29.11.1971
Registered on: 01.08.2002
Register of
companies: Local
court 50939 Köln
under: HRA
17727
Total cap. contribution: EUR 240,000.00
Number of
shareholders:
20
Shareholder
total capital: EUR 240,000.00
General partner:
BACK EUROP Deutschland
Verwaltungsgesellschaft
mit beschränkter
Haftung
Daimlerstr. 10
D 50189 Elsdorf
Legal form: Private
limited company
Share capital: EUR 52,000.00
Registered on: 15.11.2000
Reg. data: 50939 Köln,
HRB 41227
Manager:
Lars Roland Billigmann
Andreasstr. 22
D 22301 Hamburg
having sole power of
representation
born: 08.11.1973
29.11.1971 - 03.01.1991 Back-Ring-Union GmbH & Co. KG
D 51491 Overath
Ltd partnership with
priv. ltd. company
as general partner
03.01.1991 - 20.03.1997 Interbackring Gesellschaft
mitbeschränkter
Haftung & Co.
Kommanditgesellschaft
Schulstr. 24
D 51491 Overath
Ltd partnership with
priv. ltd. company
as general partner
20.03.1997 - 20.11.2000 BACK EUROP Deutschland Gesellschaft mit
beschränkter Haftung
& Co.
Kommanditgesell-
Schulstr. 24
D 51491 Overath
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
46389
Wholesale of food n.e.c.
46692
Wholesale of other machinery
46693
Wholesale of other equipment and accessories for machinery and technical supplies
82911
Collection agencies
Shareholder:
BACK & SNACK Konzept
GmbH
Daimlerstr. 10
D 50189 Elsdorf
Legal form: Private limited company
Company Status: Active
Share capital: EUR 255,645.94
Share: EUR 255,645.94
Reg. data: 08.09.2000
Local court 50939 Köln
HRB 41201
Shareholder:
S E B I G
Speise-Eis-Bedarf-Import-Gesellschaft mit
beschränkter Haftung
Oststr. 30
D 50189 Elsdorf
Post Box:
13 48
Legal form: Private limited company
Company Status: Active
Share capital: EUR 200,000.00
Share: EUR 200,000.00
Reg. data: 21.04.1969
Local court 50939 Köln
HRB 39943
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Daimlerstr.
10
D 50189 Elsdorf
Real Estate of: BACK
EUROP Deutschland
Verwaltungsgesellschaft mit beschränkter
Haftung
Type of ownership: Tenant
Address Daimlerstr.
10
D 50189 Elsdorf
Land register documents were not available.
DEUTSCHE BANK, 50587 KÖLN
Sort. code: 37070060
BIC: DEUTDEDKXXX
COMMERZBANK VORMALS DRESDNER BANK, 50450
KÖLN
Sort. code: 37080040
BIC: DRESDEFF370
KÖLNER BANK, 50461 KÖLN
Sort. code: 37160087
BIC: GENODED1CGN
Profit: 2012 EUR 159,371.00
Equipment: EUR 86,320.00
Ac/ts receivable: EUR 10,170,053.00
Liabilities: EUR 14,226,882.00
Real estate of the
firm: EUR 2,219,038.00
Employees:
26
- thereof permanent
staff:
19
- Part-time employees: 3
- Trainees: 1
- Temporary workers: 3
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: -79.16
Liquidity ratio: 0.08
Return
on total capital [%]: 7.00
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -80.25
Liquidity ratio: 0.06
Return on total capital [%]: 11.11
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -79.76
Liquidity ratio: 0.08
Return on total capital [%]: 10.11
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -91.90
Liquidity ratio: 0.09
Return
on total capital [%]: 4.24
Equity ratio
The
equity ratio indicates the portion of the equity as compared
to
the total capital. The higher the equity ratio, the better the
economic stability (solvency) and thus the
financial autonomy of
a company.
Liquidity ratio
The
liquidity ratio shows the proportion between adjusted
receivables and net liabilities. The higher
the ratio, the lower
the
company's financial dependancy from external creditors.
Return on total capital
The
return on total capital shows the efficiency and return on
the
total capital employed in the company. The higher the return
on
total capital, the more economically does the company work
with the invested capital.
Balance sheet grade
The
balance sheet grade is based on the following ratios: equity
ratio, liquidity ratio and return on total
capital from the
balance sheets published in the Federal
Gazette. It is calculated
in
accordance with the methodology of Euler Hermes. It ranges
from 1.0 (positive) to 5.0 (negative).
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 17,212,628.27
Fixed assets
EUR 2,775,939.35
Tangible assets
EUR 2,305,358.00
Land / similar rights
EUR 2,219,038.00
Other tangible assets / fixtures and
fittings
EUR 86,320.00
Financial assets
EUR 470,581.35
Shares in participations /
subsidiaries and the like
EUR 470,581.35
Shares in related companies
EUR 465,081.35
Shares in investee companies
EUR 5,500.00
Current assets
EUR 14,413,057.88
Stocks
EUR 1,385,378.23
Accounts receivable
EUR 10,170,053.16
thereof
total due from shareholders EUR 9,368,557.05
Liquid means
EUR 2,857,626.49
Remaining other assets
EUR 23,631.04
Accruals (assets)
EUR 23,631.04
LIABILITIES EUR 17,212,628.27
Shareholders' equity
EUR 2,471,204.93
Capital
EUR 240,000.00
Reserves
EUR 2,071,834.20
Balance sheet profit/loss (+/-)
EUR 159,370.73
Balance sheet profit / loss
EUR 159,370.73
Provisions
EUR 499,041.46
Liabilities EUR 14,226,881.88
thereof total due to shareholders
EUR 688,333.22
Other liabilities
EUR 15,500.00
Deferred taxes (not included under
provisions/liabilities)
EUR 15,500.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 3,444,619.86
Staff expenses
EUR 1,203,657.62
Wages and salaries EUR 1,004,700.09
Social security contributions and
expenses for pension plans and
benefits
EUR 198,957.53
Total depreciation
EUR 171,812.36
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 171,812.36
Other operating expenses
EUR 1,522,332.21
Operating result from continuing
operations EUR 546,817.67
Result from participating interests
(+/-)
EUR 159,370.73
Expenses / income from participations EUR 159,370.73
Income from related companies EUR 159,370.73
Interest result (+/-)
EUR -40,759.13
Interest and similar income
EUR 51,329.67
thereof from related companies
EUR 0.00
Interest and similar expenses
EUR 92,088.80
Financial result (+/-)
EUR 118,611.60
Result from ordinary operations (+/-)
EUR 665,429.27
Income tax / refund of income tax (+/-)EUR -110,839.00
Other taxes / refund of taxes
EUR -5,172.30
Tax
(+/-)
EUR -116,011.30
Annual surplus / annual deficit
EUR 549,417.97
Type
of balance sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 15,640,313.42
Fixed assets
EUR 2,931,651.35
Tangible assets
EUR 2,461,070.00
Land / similar rights
EUR 2,364,064.00
Other tangible assets / fixtures and
fittings
EUR 97,006.00
Financial assets
EUR 470,581.35
Shares
in participations /
subsidiaries and the like
EUR 470,581.35
Shares in related companies
EUR 465,081.35
Shares in investee companies
EUR 5,500.00
Current assets EUR 12,680,925.02
Stocks
EUR 1,395,622.22
Finished goods / work in progress
EUR 1,395,622.22
Accounts receivable
EUR 9,341,361.30
Amounts due from shareholders
EUR 8,777,500.46
Trade debtors
EUR 130,564.28
Amounts due from related companies
EUR 216,591.22
Other debtors and assets
EUR 216,705.34
Liquid
means EUR 1,943,941.50
Remaining other assets
EUR 27,737.05
Accruals (assets)
EUR 27,737.05
LIABILITIES EUR 15,640,313.42
Shareholders' equity
EUR 2,345,092.33
Capital
EUR 252,000.00
Reserves
EUR 1,933,201.81
Balance sheet profit/loss (+/-)
EUR 159,890.52
Balance sheet profit / loss
EUR 159,890.52
Provisions
EUR 305,608.30
Provisions for taxes
EUR 119,248.00
Other / unspecified provisions EUR 186,360.30
Liabilities
EUR 12,976,812.79
Financial debts
EUR 1,097,691.07
Liabilities due to banks
EUR 1,097,691.07
Other liabilities EUR 11,879,121.72
Trade creditors (for IAS incl. bills
of exchange)
EUR 10,945,908.57
Liabilities due to shareholders
EUR 924,895.79
Liabililties due to related companiesEUR 125.39
Unspecified other liabilities
EUR 8,191.97
thereof liabilities from tax /
financial authorities
EUR 5,282.91
Other liabilities
EUR 12,800.00
Deferred taxes (not included under
provisions/liabilities)
EUR 12,800.00
Guarantees and other commitments
EUR 1,634,000.00
Discounted bills of exchange
EUR 1,009,000.00
Guarantees
/ warranties EUR 625,000.00
Guarantees
EUR 350,000.00
Warranties
EUR 275,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 41,890,621.00
Other operating income
EUR 1,394,979.10
Cost of materials
EUR 40,154,687.11
Raw materials and supplies, purchased
goods
EUR 40,154,687.11
Gross result (+/-)
EUR 3,130,912.99
Staff expenses
EUR 1,165,777.59
Wages and salaries
EUR 969,491.58
Social security contributions and
expenses for pension plans and
benefits
EUR 196,286.01
Total depreciation
EUR 171,164.70
Depreciation
on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 171,164.70
Other operating expenses
EUR 1,026,254.51
Operating result from continuing
operations
EUR 767,716.19
Result from participating interests
(+/-)
EUR 159,890.52
Expenses / income from participations EUR 159,890.52
Income from related companies
EUR 159,890.52
Interest result (+/-)
EUR -48,220.46
Interest and similar income
EUR 57,583.23
thereof from related companies
EUR 1,685.15
Interest and similar expenses
EUR 105,803.69
Financial result (+/-)
EUR 111,670.06
Result from ordinary operations (+/-)
EUR 879,386.25
Income tax / refund of income tax (+/-)EUR -111,329.00
Other
taxes / refund of taxes EUR -5,506.90
Tax
(+/-)
EUR -116,835.90
Annual surplus / annual deficit
EUR 762,550.35
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.48 |
|
|
1 |
Rs.97.92 |
|
Euro |
1 |
Rs.76.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.